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Software Company Success Story
Cognifit Ltd., an Israeli company, developed state-of-the-art software and on-line services for assessing, training and enhancing cognitive abilities.
Raised Capital
In December 2007, Cognifit approached Washington Israel Business Council (WIBC) and received assistance in raising its first round of US investment from Seattle, Washington based angel investors.
Setup US Headquarters
In August 2008, Cognifit decided to set up its US headquarters in Seattle to build its presence and launch its products into the US market. WIBC was instrumental in helping Cognifit open its Seattle offices on schedule and successfully recruit key management including its North American Vice President of Sales, Vice President of Marketing, market research firm, public relations firm, and law firm.
Successful Product Launch
Within 45 days Cognifit completed its market research studies, PR plans and distribution plans, successfully launched its products and created four new jobs for Washington state residents. Cognifit is now en-route to become the leading provider of scientifically proven mind fitness training solutions.
Synergy
Washington Israel Business Council is a not-for-profit, non-governmental, membership supported organization dedicated to strengthening business and trade relations between Washington State and Israel. One of our primary activities is to guide and assist Israeli companies seeking to promote and expand their businesses in the U.S., and U.S. companies seeking access to the Israeli market, technologies and products.
Access New Markets, Products and Services
Contact us for more information about how WIBC can help your Washington or Israel based organization access new markets, products and services in Washington State or Israel.
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